Why Iconix Brand Group, Inc. (NASDAQ:ICON) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $10.670 on Iconix Brand Group, Inc. (NASDAQ:ICON) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.220 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Iconix Brand Group, Inc. (NASDAQ:ICON) stands at N/A. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Iconix Brand Group, Inc., the PEG ratio for coming 3-5 years is 0.420. Technical Analysis The technical analysis highlights that Iconix Brand Group, Inc. current price is trading $-0.128 points away -1.642% from $7.813, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $7.410 and, for now, the stock price is trading $0.275 or +3.718% away from that point. The 52-week high of Iconix Brand Group, Inc. (NASDAQ:ICON) was $27.500 while lowest point recorded in 52-week was $4.670. It implies if stock price makes a movement of over $-19.815, it will record a new 52-week high. In the case of $+64.561% points drop, it will touch a new 52-week low.

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